Google Slides 5% After Hours As Q2 EPS Comes In Light — Google (GOOG) shares are falling what turned out to be a slightly disappointing second quarter. — Revenues were $3.87 billion, or $2.72 billion ex-TAC, with pro forma EPS of $3.56; the Street was looking for $2.68 billion revenues ex-TAC, and $3.59 a share.

Microsoft earnings today: Xbox 360, Windows Vista — Microsoft's recently announced $1 billion charge for Xbox 360 malfunctions is expected to take its toll when the company reports financial results for its fourth quarter and 2007 fiscal year after the stock market closes today.

Breaking: Facebook Acquires Parakey — Just received word from Facebook that the company has made its first acquisition: Parakey, a startup founded by Blake Ross and Joe Hewitt, co-founders of Mozilla Firefox. Ross and Hewitt will join Facebook immediately to work on the Facebook Platform.

FaceBook's First Acquisition: Parakey — Their first acquisition: Facebook has bought Parakey, the yet-to-launch "web operating system" created by Mozilla co-founders Blake Ross and Joe Hewitt. The price isn't being disclosed, but Facebook should be issuing a press release this afternoon.

Facebook's first acquisition: secretive start-up Parakey — Facebook has acquired Parakey, a Mountain View, Calif., startup that had been working on a new way for people to work seamlessly on applications while online and offline. — Founded by former Mozilla Firefox browser developers Blake Ross …

Ooma wants voice to be free — Voice over the Internet, so far, has been a game of cheap minutes, shoddy quality, and unreliable connections. It's also been a money-losing proposition. The promise of voice being free has remained just that - a promise. Palo Alto-based startup Ooma promises …

Sources: Apple set to grow iPhone family pre-holidays — Apple Inc. this fall plans to accelerate its assault on the 1 billion unit worldwide cell phone market with a second incarnation of its iPhone handset that will likely appeal to an even larger audience, AppleInsider has learned.

Sprint Nextel and Clearwire to Partner to Accelerate and Expand the Deployment of the First Nationwide Mobile Broadband Network Using WiMAX Technology — Consumers, Businesses and Public Safety Agencies to Benefit from More Coverage Sooner and Enhanced Network Capabilities

Too Many Linux Distros Make For Open Source Mess — Remember the 1980s worries about how the "forking" of Unix could hurt that operating system's chances for adoption? That was nothing compared to the mess we've got today with Linux, where upwards of 300 distributions vie for the attention …

Pageflakes Blizzard Release Launches — Customized home page startup Pageflakes launched a slew of new features this morning under what it is calling its "Blizzard" release. — Among all of the new features, the two that are important to highlight are social networking and customizable themes on pages.

The IBM ThinkPad: 15 years old today — Receive the day's biggest stories by email, sign up here — Forgotten Tech The ThinkPad is 15 today. Sort of. Launched by IBM and now made by Lenovo, the black-clad laptop family quickly established itself as an icon, in many ways re-establishing …